Venture capital investor Energy Impact Partners (EIP) announced today the launch of its Deep Decarbonization Frontier Fund, which targets early-stage, revolutionary technologies that aim to accelerate the net zero transition.

The fund has already raised more than $200 million in commitments from both new and existing investors and is aiming to reach $350 million.

Shayle Kann, Partner in the EIP Frontier Fund, said:

“We are looking for audacious entrepreneurs taking big swings at big problems in climate tech. Over the last six years we have built an ecosystem and process to drive innovation in massive, mature and technically complex industries; nowhere is this skillset needed more than the drive toward deep decarbonization.”

According to EIP, the new fund is built on the core principles that an unprecedented wave of innovation is coming to solve the most challenging problems in deep carbonization and that the demand for zero-carbon energy, products, and goods will accelerate market adoption of these new technologies and drive commercial outcomes for the winners.

Mateo Jaramillo, CEO, and Co-founder of Form Energy, said:

 “EIP is a known leader in the climate tech investment space. The launch of the Frontier Fund exemplifies their bold commitment and innovative approach to enable tomorrow’s zero carbon electricity system. Form Energy is extremely pleased to be supported by EIP and to have the ability to join forces with their incredible partner coalition as we work to reshape the global electric system to enable a clean energy future.”

The Frontier Fund has already made several investments, some of which include low-cost, multi-day energy storage system developer Form Energy, industrial-scale, renewable-powered hydrogen producer Electric Hydrogen, zero-emissions nitrogen fertilizer producer Nitricity, point-source carbon capture company Carbon America, economic nuclear fusion company Zap Energy, no CO2 emissions steel producer Boston Metal, and zero-carbon cement producer Sublime Systems.